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@foxnews.com. thank you, sir. 20 past. martha: a lot of breaking news. this just crossing moments ago. nancy pelosi will remain as the democratic leader. that news has just crossed. she'll make an official announcement at the top of the 10:00. we'll bring that story to you live. nancy pelosi to stay in her position. this morning president obama pushing his plan to avoid the fiscal cliff by raising taxes but in a bigger way than was disclosed about it election. also he meets with the white house with heads of major u.s. corporations. what will transpire there. with white house reporters this will be his first post election news conference, lots of questions expected on the fiscal cliff and also on the fiscal cliff. bill: that's $6 gasoline. drivers where they are getting a major case of sticker shock. >> it's crazy. if you go to the other gas stations it's half of this. >> we came in the past and they have always been outray just. [ male announcer ] if you're eligible for medicare... now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budg
and tv studio in the capitol visitors center. house minority leader nancy pelosi shortly will be holding a news conference with reporters and she will likely discuss not only the democratic agenda for the lame duck and the 11 th but her future plans. on tuesday her office confirmed regardless whether she cedes her leadership post she will remain in the congress for two years. associated press and other news organizations reporting that nancy pelosi told her party caucus she will remain as minority leader in the new session of congress. we'll find out shortly once the news conference gets underway. this morning we heard from the newly-elected senator-elect angus king of maine. he made his decision. he is an independent and has decided to caucus with the democrats. the associated press saying that will add to the party's voting edge. his decision ends months of speculation which party he would align with. with that alignment it gives the democrats a 55-45 edge. while we wait to hear from leader pelosi and other democrats we'll show you angus king, senator-elect from maine a short while ago
scandal. and now we add a twin sister to the mix. >>> staying or go? house leader nancy pelosi reveals her plans just hours from now. >>> toyota taking control over a steering problem that could affect millions of hybrids. hey, everyone. good morning, welcome to "early start." i'm john berman. >> i'm zoraida sambolin. it is 5:00 a.m. in the east. up first, the tangled web that has insnared two of the country's top military women and two women who are not their wives. this morning we are learning much more about jill kelley, the tampa socialite at the heart of the investigations involving general david petraeus and john allen. first there were threatening e-mails sent from petraeus' writer paula broodwell. >> then he resigned as cia director. now john allen, top adviser in afghanistan, is being investigated for flirtatious e-mails he exchanged with kelley over a two-year period. >> kelley is pleading for privacy now even though she finds herself in the middle of a real-life soap and a here. we are hearing her voice now for the first time in a 911 call to tampa police, that was last weekend,
. >> always good to see you, thank you. >> thank you. >>> will she stay or will she go? nancy pelosi is expected to meet with democratic leaders tonight and said that she'll discuss her decision with her caucus. >> i would be shocked if she left. it would be surprised if she step aside. nancy pelosi is someone who absolutely loves to be part of the architecture of big, major decisions. ♪ ♪ should i stay or should i go now ♪ americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ ♪ don't know what i'd do ♪ i'd have nothing to prove ♪ i'd have nothing to lose ♪ i'd be all lost at sea ♪ with no reason to make it through ♪ [ male announcer ] introducing the celebration diamond collection. ♪ if it wasn'
and ana navarro. this is a reporter asking nancy pelosi a question. she made it clear today she wants to remain the democratic leader in the house. >> you, mr. hoyer, all over 70, is your decision to stay onto prohibit younger leadership from moving forward? >> so you're suggesting everybody at the moment step aside? you don't realize that's quite offensive i guess. >> let me start with you, cornell. are you surprised she wants to stay on as minority leader? >> no. i'm not at all. she's been a fantastic leader. she was a fantastic speaker moving through historic things throughout the house without her strong leadership probably would not have gotten done. the house democrats picked up last check eight or nine seats, wolf. and in the end tally we actually got more people voting for house democrats than republicans. and we probably could have taken back the house if the seats weren't so dog gone gerrymander. i don't think it's a surprise she's staying in there. she's a strong leader. she should stay in there. i think the question is a little offensive. frankly, a lot of old men are in p
nancy pelosi joins a briefing with members of the upcoming 113th congress. we'll bring it live to you at noon eastern on c-span3. >> now, now, from cq roll call's election impact conference, a discussion on the new conference. roll call staffers talk about the newly-elected members, what leadership will look like for both parties and committee assignments. this is an hour. >> i'll start chatting while my colleagues come up to join us. the next panel, for those of you who are veterans of this conference, for some years tom and norm do the next bit, but we thought we'd mix it up this time because we have two people who are eminently qualified to talk about the new membership of congress and the new power structure in congress. on my right, jason dick who is the house editor at roll call, and to his right emily pierce who is the senate editor at roll call. so who better to discuss the structure in a congress that will be more demographically diverse than ever before. as your guide reminds you, after two consecutive congresses in which the female population of both the house and senate wa
with some bay area headlines right now. san francisco representative nancy pelosi has just made it official. she will stay on as the house minority leader. there had been talk pelosi might step down after democrats failed to retake the house this month. but she is staying put. >>> crews working to restore power to san francisco city hall this morning. there was no fire but a smoky electrical problem touched off the sprinklers overnight. the water caused some minor damage, as well. >>> and one firefighter slightly hurt this morning in a fire in el sobrante. the injury happened at a home with a fire in the attic. all residents got out safely. >>> traffic and weather on your wednesday coming up right after the break. ,,,,,,,, >>> good morning. a live look at the bay bridge toll plaza. the usual commute toward the pay gate backed up through the maze, 20 minutes while they turn the metering lights on. elsewhere, westbound 237 a little stop and go. you can see it from this live traffic camera in milpitas. looks like that to sanger road. that's your "timesaver traffic." for your forecast, here's l
of avoiding the fiscal cliff. he'll meet with harry reid, mitch mcconnell, john boehner and nancy pelosi at quarter after 10:00 eastern time. mcconnell says republicans won't raise tax rates. the white house says the president won't sign an extension of tax cuts for top earners. chinese officials including the country's vice minister are sounding alarm bells with external risks to growth. they hope the uts will come to an agreement on tax issues or warns the country could face a slide into deep recession. eunice yoom is taking a closer look at the relationship between the two economic super powers and how they're likely to proceed. >> she's sitting down to her regular taste of americana. she and her co-workers dine out at their favorite fast food joint from the west twice a week, exactly the kind of middle income chinese american companies hope will drive their future growth. >> translator: we're used to eating rice, she says. it's convenient and nice to have fast food once in a while and have a change. american companies are hoping gnaw leadership will make it easier to sell to chinese
house democratic leader nancy pelosi. pelosi says she will announce later this morning whether she will stay on as minority leader after the democrats failed to within enough seats last week to take back control of the house. >>> also there are new questions right now about the political future of democrat jesse jackson jr. who easily won re-election to his illinois house seat last week. jackston has left the mayo clinic for the second time. no word yet on where he is headed or what he might head back to work. he has been on leaf since june for treatment of bipolar disorder. >> the governor of the state saying it is time for him to speak. >>> on the heels of veterans day, boost of monthly benefit checks for vets next year. increases payments 1.7% for 4 million veterans and survivors. the measure headed to the president was held up for weeks because of objections from a republican send nor whose i dent team was not revealed. >> no paycheck quite big enough for what the guys have done. >>> other news this morning, two snow boarders stranded on a mountain since sun day are boek ho --
. an army of female lawmakers at her side, nancy pelosi announced she would stay on as the party's leader. this picture before you is worth millions of votes, pelosi said. the telltale sign that more women are filling capitol hill is the overly stuffed senator's only women's restroom over in the senate. i'm told. i haven't been. yesterday senator two senators bumped into elizabeth warren and deb fisher for the first time while on a bathroom break. she tweeted, too funny. first power meeting with e warren and d fischer in the senator's only women's bathroom. going to need a bigger bathroom. there are a record number of women, 20 in the senate this term. >>> still ahead on "way too early," why are you awake? your tweets, texts, e-mails, whatever you got. we'll take them. "morning joe" now is moments away. [ male announcer ] introducing the new dell xps 12. part of a whole new line of tablets from dell. it's changing the conversation. ♪ flavor boost, meet beef. it's swanson flavor boost. concentrated broth to add delicious flavor to your skillet dish in just one stir. mmm! [ female announc
for coming on. congressman turner, matthew and nicole, greet guests and thank you. meanwhile, nancy pelosi from the top democrat in the house that she is staying on as the minority leader for at least two more years, which means we can look forward to more great insights and commentary on american life and politics. like the ones which make up tonight's top five. at number five, let's call it the pelosi stimulus. >> let me say that this money will be spent quickly and will inject demand into the economy and his dog created and creates job faster. >> in terms of what we have to do in the first 100 days, 500 million people will lose their jobs each month until these economic packages have. gerri: she said that that is more than one occasion. number three. >> we were not told that any of these other enhanced interrogation methods were used. gerri: interesting. and the cia chief said otherwise. >> we have to pass the bill to find out what is in it. away from the fog is a controversy. gerri: she is, of course, talking about obamacare. still to come, and one for online investors. a week to go be
then they would have put nancy pelosi in charge of the house of representatives. see, i think these idea that we talked about i think they're popular ideas. this is a very close election. unfortunately, divided government didn't work very well the last two years. we are going to have to make sure it works for the next two years. that means, i think, both parties have to talk to each other. >> reporter: diane sawyer asked speaker boehner if you are now the de facto leader of the republican party. and his answer was, oh, i wouldn't think so. paul ryan is a policy wonk. >> i take that as a great compliment from john. >> reporter: is that your role in the republican party, the house policy wonk? >> i have also been one of the house policy wonks. my role is to continue to be a champion of ideas, to help our party be a reform party that shows how we get economic growth. >> reporter: i asked ryan about speculation that he would be an early front-runner for the republican presidential nomination in 2016. he told me it is way too early to even think about the next presidential race. jonathan karl, abc ne
involved visiting minority leader nancy pelosi. mr. morel will testify later this week as both the house and senate intelligence committees hold hearings on the benghazi attack. both the house and senate are gaveling in in about 12 minutes or so. the u.s. house coming in at 2:00. four items on their agenda this afternoon. they will gavel back out shortly thereafter. we expect them back at about 4:30 or so. a number of new members will be sworn in. we'll have live coverage. the senate meanwhile comes in this afternoon at 2:00 p.m. as well. they take up a bill dealing with hunting and fishing on federal lands. we'll have live coverage of the senate on c-span2. also coming up this afternoon, a number of house -- new house members, democratic members will be meeting with reporters and also nancy pelosi will be at that briefing, as will the head of the d triple c, chairman johns for the house races, steve israel of new york, news conference coming at 2:00 eastern. we'll likely have it for you here on c-span as the house is expected to gavel out quickly at 2:00. >> what i like about c-span's c
about what transpired. let's listen to house minority leader nancy pelosi. >> lifting the spirits and confidence in our country we will have an economic downturn that must be avoided. we understand our responsibility there. we understand that it has to be about cuts. it has to be about revenue. it has to be about growth. it has to be about the future. so as we cut investments and as we talk about revenue, we have to do so in a way that promotes growth and supports the future. it was good. i feel confident that a solution may be in sight. mitch? >> i can only echo the observations of the other leaders it was a constructive meeting. we all understand where we are. i can say on the part of my members that we fully understand that you can't save the country until you have entitlement programs that fit the demographics of the changing america in the coming years. we're prepared to put revenue on the table, provided we fix the real problem. even though most of my members, i think without exception believe that we're in the dilemma we're in not because we tax too little but because we sp
and put a major shout out for leader nancy pelosi and norm poland and patrick leahy. all of whom -- [applause] >> all of whom -- [applause] not just great leadership. real, deep personal commitments. and we shouldn't just thank them. we should shout their names across the land. and i actually, i do not -- i can't even consider the number of lives that have been transformed and saved by these people. and it must be millions. and people are alive because these people exist. gene sperling is here tonight. these people are heroes to me. it's a critic duty with the global citizen in mind. and you know if george bush was here. and i know his daughter, barbra is here, i would get matt dame on the kiss him on the lips. and i would give him a more sort of irish, macho sort of handshake thing. and you know, it's incredible. it's incredible what -- you know george bush, president bush's name is in the history books. it's on the forward. raised health crisis in 600 years, both sides working. if bill clinton was here at his alma mater. well, i'd just get him to make the speech. i'd get the se
. also at 10:00 a.m. eastern on c- span2, house democratic leader nancy pelosi told a news conference to talk about her future role in the democratic party. and president obama is also having a news conference today. live coverage on c-span2 at 9:30 p.m. eastern -- 1:30 p.m. eastern. next on "washington journal" we will focus on the so-called fiscal cliff, the expiring tax breaks and automatic spending cuts which will go into effect unless congress asks. the best will include nanticoke from national journal, and also ways and means committee members -- republican kevin brady from texas, representative sander levin, and you can also call in with your questions for
of the country's most powerful politicians is staying put. nancy pelosi says she'll continue her role as house minority leader. >> it isn't about the gavel although we like to have it. it's about the unity we share, it's about the important work we can do and it's about thinking a little longer term, a little longer term of the path our country is on and where we would go. >> the 72-year-old pelosi made the big announcement this morning in washington. you can see she was flanked by democratic women in the house. the house democrats are united in leading the country longterm. >>> president obama defending his ambassador on the comments she made about benghazi. >> the first news conference since being re-elected, president obama touched on the fiscal cliff and global warming and petraeus scandal. john mccain and lindsay graham accused rice of misleading the american people about the u.s. consulate attack in libya that killed four american diplomats and demanding a watergate style hearing. they said they would block rice's nomination if promoted to a cabinet position. president obama not only gav
't know. i'm getting nervous. i think the former speaker nancy pelosi may have topped that this weekend when she answered no to a question about whether which could be a keel that just caps deductions for the wealthy but doesn't raise tax rates for them. now maybe possible -- no. flat out no. until pelosi's compromise killer, i put the senate minority leader in a class by himself in the obstructionist camp. now, of course, one can argue that senator patty merit, the fourth ranking senate democrat is the most out there with her hey, let's go over the fiscal cliff comments in order for to force republicans at the table. she's a champion idea that wants more over the cliff than republicans will fold. again, no harm, no foul. if mary doesn't change her tune, she's the most likely candidate to be named to the "mad money" wall of shame fiscal cliff an ex. there are other parts of the cliff that will give you huge layoffs, particularly in the defense industry. these jobs wouldn't be switched back like they're electric lights in your home. power goes out, they stay out. unless you think the def
face tough republican opposition. >>> nancy pelosi asked female democrats in the house including incoming freshmen to join her at a news conference. she became the first woman ever to lead a party caucus on capitol hill. after the mid-term election, she became the first ever female speaker of the house. >>> a teen already behind bars accused of murder is now facing another charge. 17-year-old joshua mebane is accused of killing teresa bass and critically injuring her husband jerry if waldorf last -- in waldorf last month. the couple was out walking their dog when mebane shot them with an automatic weapon. he was already in jail when investigators made the connection between two cases. he was arrested and his juvenile girlfriend and charged with murder of mohammad quadar. the driver was shot in the head and left beside his cab which was burning at the time. mebane is charringed as an -- charged as an adult. >>> a d.c. pain doctor says his patients are suffering. some he says have even committed suicide. >> psychiatrist dr. alen salerian is opposing to a decision banning him from p
, your leadership -- nancy pelosi stepping down? >> i do not know. >> you do not know? >> i do not want to speculate. my guess is we will find out fairly soon. i think she has done -- my view is she has done a good job. was very willing, as you probably read in books written about this, to support a budget agreement that must come out of the discussions between speaker boehner and the president. >> if she does step down, would you be interested in the job? >> i am not getting ahead in anything. if i was betting, i bet she is going to stay. >> you bet she would stay? >> this is all speculation. >> last question before i open it up -- a lot of people have comments or questions for you. we also have a couple people who will be at the white house tomorrow. a group of ceo's meeting with the president. what can this group do to be constructive, to help get this discussion where it needs to go? what should they do and what should they not do? >> is an important initiative -- i just heard the ad on my way over here. the message is beginning to get out on the airwaves. i think it is really impor
of the home alive. >>> in a few hours o'clock we'll learn if nancy pelosi will be sticking around as house minority leader for two more years. she has led democrats in the house for the last ten years. california congresswoman lost her position, speaker of the house, in 2010, when republicans took control. those are your headlines. that would be a surprise move. you would have to wonder why she would want to. >> brian: she surprised us last time when she stuck around. >> steve: because she felt that they would regain the power and she would be speaker again. but now she would have to wait at least two more years. >> brian: greg norman weighed in on my golf spring on my swing with nick faldo. >> gretchen: is it like what ernie else said. >> steve: what's new year's without your favorite champagne? you may soon find out. oh, oh a bubble shortage? >> gretchen: obamacare is becoming a reality. is it hurting the people it's supposed to help? stuart varney here on that topic next [ female announcer ] introducing u the latest coffee machine from nespresso. modular. intuitive. combines espresso an
to predict a winner? >> i am not. >> and what is nancy pelosi going to do for the rest of her life? >> i'm going to call my lifeline. right now all eyes are on nancy pelosi. about a week and a half ago, mr. pelosi announced that the democratic leadership and elections for house were going to be moved to after thanksgiving. the house republican leadership elections in the senate and the democratic and republican leadership elections are all going to be next week. this is traditionally when things happen. the fact that she set this off a couple of weeks led to speculation that she wanted to see how the election would turn out, she wanted to have some time to we whether she would even retire or resign after winning her seat on tuesday. there was a lot of speculation that pelosi would leave immediately after the 2010 election. she moved up the elections to cut back on the amount of time that people would be able to organize against her. she ultimately made a bid for the majority leader, but lost ultimately. there was a lot of consternation among democrats. democrats wanted a little more soul
time since last week's elections. nancy pelosi holds a news conference with a newly elected democratic members of the 130th congress. senate leaders talk about the upcoming negotiations over the so-called fiscal cliff. that is followed by more on the potential tax hikes and spending .an hollen va = = we held a briefing with newly elected democrats. patrick murphy who defeated alan webb spoke to the new members who take office early next year when the 130 congress convenes. this is 20 minutes. >> at length of time it took for our new members to come onto the platform here is music to my ears into your ears as well. they say that a picture is worth 1000 words. the picture that you see before you is worth millions of votes. millions of aspirations of the american people. problem solvers to come to washington to get the job done. today we welcome our democratic freshmen to washington. they are extraordinary leaders who will make our house democratic caucus the first in history to have a majority of women and minorities in the caucus. you can applaud that. before you you see a broad coaliti
,847. house minority leader nancy pelosi will run again to keep her job. there had been questions about her future after last week's election. democrats picked up a handful of seats in the house but failed to retake control from republicans. today, the 72-year-old pelosi said fellow democrats encouraged her to stay on. >> my colleagues made it very clear. in fact, i think they must have coordinated with each other because their message was clear: don't even think of leaving. that was what i got over and over and over and over again. and i felt is this a coincidence or >> sreenivasan: pelosi is the only woman ever to serve as speaker of the house, but she lost that position when republicans won a majority in 2010. meanwhile, newly elected independent senator angus king of maine announced he will caucus with democrats. that effectively gives them 55 votes when the new senate convenes in january. the u.s. mmander in afghanistan, marine general john allen, won a statement of support today amid questions about his relationship with a florida woman. the military is now investigating allen's exten
: so, that is the latest on that. also this morning, "nancy pelosi considers leaving post as house democratic leader." "the decision could come as early as tomorrow, wednesday." washington journal will be live from capitol hill tomorrow with several lawmakers from 7:00 a.m. until 10:00 a.m. to keep you updated on what is happening this week in washington. the looming fiscal cliff, that is what we are talking about with all of you today. how do we avoid it, should entitlement spending be part of the package? james, go head. caller: i had to retire because of back problems or whenever, but i do not get disability, i would not apply for it, it is an entitlement. it is ludicrous to ask people in my age bracket, people who pay for their medicare -- that is what people are not saying. we paid for it for a long time. many of us are sick, we are not asking for anyone to help us along. we are not asking for the government, we paid for this. what it really is is a pyramid scheme. you have to get people working in this country so that they can pay in. it is not the people cheating the system.
will be coming together to solve this problem. >> governor, nancy pelosi of course out this morning says she's going to run again for some leadership in the congress. is that a signal that the white house is going to remain more partisan perhaps than some hope? >> actually, i don't think so. you know, nancy pelosi was the one who produced the votes for the financial bailout. you all recall that. there weren't republican votes even when president bush proposed it and secretary paulson. nancy found the votes. nancy is good at finding the votes out of our progressive wing and the president will need votes from our progressive wing and nancy is a good person to do that. >> we'll see how things go down this afternoon and later in the week. governor, lanhee good to see you back. don't be a stranger. >> thanks for having me. >> brian shactman is at hq. >> iag got a downgrade today and the stock is getting thumped already at its average daily volume. 15% to the downside. one of the keys were costs were up because quality of gold they were mining was not as good as they had been in the past. back to
president obama and the four top congressional leaders john boehner, nancy pelosi, harry reid, mitch mcconnell all will begin talks at the white house. cnn's jill dougherty is following those developments for us this morning. she's in our washington, d.c. bureau. good morning, jill. >> hello, soledad. well, this is it. both sides are going to be there. they're looking at the tone. they're looking at the president, what kind of tone will he set? you have to say that they're coming in both sides with their essential positions intact. all, both sides are saying that there is some room for a compromise. so, the essential thing is how do you compromise? if you look at the positions, let's say, of the republicans, and it's most strongly, as i say, relayed by senator mitch mcconnell, he does not, and they do not, want any tax increases. so let's listen to him first. >> and let's be clear, an opening bid of $1.6 trillion of new taxes just isn't serious. it's more than simpson-bowles or any other bipartisan commission has called for. it's been unanimously rejected in the house and senate, it's t
out debt for leader nancy pelosi and -- shout out for nancy pelosi and senators pat leahy. all of whom not just great leadership, real personal commitment. we should not just think them. we should shout their names across the land. i cannot even consider the number of lives that had been transformed in say by these people. it must be millions. people are right because these people exist. these people are heroes. this is civic duty. with the global citizen and mind. george bush is here. -- if greorge bush were here, i would get matt damon to kiss him on the lips. i would give him a more irish, macho handshake. it is incredible. president bush's name is in the history books. the greatest health crisis and 600 years. both sides working. if bill clinton was here -- i would just get him to make the speech. he is more of a rock star than i will ever be. [clinton impression] i just want to thank bono here. i want to thank bono. [applause] i want to thank bono for stepping away from the microphone. i knew he could not rhyme. i am so glad he can fall back on adding and subtracting. it m
reid and senator minority leader mitch mcconnell and nancy pelosi not surprising here. what's the expectation? >> well, you know, we'll see. publicly, suzanne, there has been a much more consillatory tone that we've seen since the election, whether it's from the president or the house speaker john boehner, but i can tell you in talking to sources privately on both sides of the aisle, they admit that it's all about positioning and posturing to make sure at the end of the day if we do go off the fiscal cliff that they're not blamed for it. they're the ones who looked reasonable, not unreasonable, and they're preparing for the other side to blame them for the opposite, if that makes sense. that's a lot of what you are saying in public. the reality is that neither side has a really clear machine date or clear vote and no one wants to look at the end of the day like they never gave compromise a chance. listen to republican bob corker, though, because there does seem to be a little bit of a crack on the republican side on whether or not it's okay to raise some taxes. >> i think th
's a fantastic achievement senate and nancy pelosi was totally right to congratulate that. but what was interesting she pointed out we had to go further. >> in "park lane" you go back to world war i. toll us about that. >> that was a seminal moment of change for women's rights. there was the suffrage -- the women's suffrage campaign was really reaching the height. they were burning down buildings, chaining themselves to railings. one went and slashed a painting, but when the war came this was the real moment in which came into their open own because the men went off to fight and the women stepped into men's jobs. this was tremendously empowering for them. they were driving ambulances at the front, some were even going into the trenches and administering care. >> you said there was somewhat of a sexual revolution. >> there was. i feel a sexual revolution is very emancipating for women. but what happens, the soldiers were fighting in france, they were so close they could get to england for a week or two and the duty to remain a virgin until you got married became outweighed to give ev
, minority leader nancy pelosi and senate majority leader harry reid and minority leader mitch mcconnell. they fell short of a debt deal last year. with the election out of the way and democrats controlling the white house and senate republicans say they're willing to compromise, to a point. >> the pathway to move forward as the speaker said is mr. president, lead us now but let's not get into this notion that the only way that we can do this is by raising taxes on producers and it's not helpful. it document close the budget gap. >> so here are the opening positions. democrats want rates increased. republicans are willing to discuss curbs to deductions and want an overall -- overhaul of the tax system. a process likely to hit full stride next year. they could create an incentive for congress to finish the work like penalty or sequester for each side if they don't finish. sound familiar? update from charlie gasparino who will be at the white house business leaders meeting on wednesday. david ", hon well-ceo, no -- david hon kote from honeywell. tracy: sequester doesn't work. dock t
right now coming from anyone in all of this. here he read and nancy pelosi really did not mention entitlement at all. rich o'connell highlighted the fact that his conference in the senate believes that this country does not have a taxing problem, it has a spending problem. there are still two very different beliefs on how to address this problem as they move forward. staff will continue working as the president is out of the country. he goes to a show tomorrow. telegraphs and republicans will be back here after the thanksgiving recess. lori: thank you. melissa: will a deal actually get done. joining us now is juan williams. thank you for joining us. what is your pet on this? what do you think that i think there is a lot of political pressure on both sides right now. remember, from the democratic perspective, they think they need a deal and president obama thinks he has a legacy that he has to protect right now. have watched as democrats have picked up seats in the senate and the house and president obama has been reelected. they do not want to be seen as obstacles to a deal that p
but nancy pelosi saying we have to have cuts. >> about as good as you can expect at an hour or two. >> especially talking about the possibility of getting this done, not at the very last minute but with some room to spare. i don't know what getting it done but it means having all of the elements of a deal completed or whether it means a mechanism or getting it done in the early part of next year but i think every sign that we just got out of the meeting was positive. >> let's bring in senator kent conrad of north dakota. had a busy day already. thank you for being with us. >> you bet. >> i'm sure you were able to hear senator reid say we won't wait until the last day of december, working through the thanksgiving recess. do you agree with john that this was a good first step? >> extremely positive. i'm even more encouraged. you know, i felt all along there's a good chance to arrive at a framework agreement in this lame duck session, lay out the size of the package, how it would be distributed to how much to cut in spending and raise in revenue. lay all that out before the end of the
. and the negotiations. nancy pelosi responded to some members of both parties calling to go ahead and go over the cliff. >> i don't think it's my role to go to the table with a threat. i think it's my role to go to the table with some ideas to be receptive to what we can come to agreement on. i'm not criticizing statements others make. but what i am saying is that there's too much at risk. and even if you went over the cliff for one month and then corrected it, you would still have a loss of gdp. >> and we've already started our discussion with our guest hosts, jeremy siegel and steve forbes. jeremy, we already had the beginning of this discussion. i'll start with you because i said you can see it sort of happening in some of the averages and you see the front page journal piece today about corporations cutting back on spending. do you not ascribe much to the notion that people are already acting with some trepidation about this and it could be harmful? >> i think the fall since the election is clearly the cliff might be close. there's hope that it had romney won, that force would mitigate or eliminate
leaders including house speaker john boehner, house democratic leader nancy pelosi, senate majority leader harry reid and a republican mitch mcconnell. the first meeting since the election. they discussed what to do about expiring busheir tax reductions and across-the-board spending cuts set to hit in january called the fiscal cliff. they allowed cameras in the room before the talks. >> i want to welcome the congressional leadership and thank them for their time. we have -- factors don't go on middle class families that our economy remains strong and we are creating jobs and and that's the agenda that democrats and republicans and independents all across the country share so our challenge is to make sure that we are able to capri together and work to find common ground, make compromises and build consensus. all of us agree on this they want to see us focused on that but not our politics here in washington. my hope is this is the beginning of a process where we are able to come to an agreement that will reduce our deficit in a balanced way that we will deal with some of these long term enti
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